Markets

G7 leaders meet amid fear of a global trade war

Barely 500 days into his presidency, Trump has developed a knack for alienating his fellow leaders while pursuing his "America First" foreign policy, a pushback...


Google Promises Its A.I. Will Not Be Used for Weapons

The new principles follow months of debate inside Google over AI technology it had developed for the US military for analyzing drone footage as part of what w...


Ghana Football Association dissolved after bribery allegations

Kwesi Nyantakyi , who is also a member of the FIFA Council, was seen in a hotel room taking a $65 000 bribe from a supposed businessman seeking to sponsor the...


United Kingdom govt drops plan for 'meaningful vote' on Brexit deal - Labour

May agreed to a backstop - which would see the United Kingdom match EU trade tariffs temporarily in order to avoid a hard border in Ireland - in principle in De...


Former Cambridge Analytica CEO Nix Grilled By MPs

The Polo-playing product of the renowned public school Eton College reiterated his denial that the firm had worked on the campaigns to secure the British depart...


No Driver Input Detected In Seconds Before Deadly Tesla Crash, NTSB Finds

Tesla's Autopilot is a driver assistance system that handles some driving tasks and allows drivers to take their hands off the wheel. According to the NTSB, not...


US job openings hit record high of 6.7 million in April

Labor Department, a record 6.7 million jobs were available in the U.S. during the month of April, up 1% from 6.6 million in March. There are now more job ...


European Union to impose extra tariffs on United States imports from July

Brussels said it would proceed with a World Trade Organization (WTO) dispute and impose additional duties on U.S. imports. "Following today's decision to appl...


Justin Trudeau is going all out in his fight against Trump's tariffs

Trump, who has vowed to protect USA industry and workers from what he describes as unfair global competition as part of an "America First" agenda, is due to hol...


Grayling urged to axe rail firms over timetable 'disaster'

Given Mr Grayling believes - erroneously - that the buck does not stop with him, or the Department for Transport, it falls to the Prime Minister to show the nec...


Canada co-ordinating tariff attack on U.S. with EU

When Trudeau asked how Canada , a longstanding ally, could be a threat to the U.S., Trump snarkily replied with a reference to the War of 1812 , saying: " Did...


Ethiopia accepts peace deal with longtime rival Eritrea

It was referring to the state monopolies in the electricity, telecoms and logistics sectors, as well as the highly profitable national flag carrier. Abiy Ahm...


Heinz plans to rename Salad Cream as 'sandwich cream'

Of course, Heinz is not the first food company to pitch a major rebrand. But Neil Johnson thought a name change would not make much difference and "it will al...


Lord & Taylor to close famed flagship store on Fifth Avenue in NYC

HBC has not been pleased with its off-price shopping segments, said CEO Helena Foulkes . This customer-focused mindset will dictate how we think about key func...


Conservative icon David Koch leaving business, politics

Billionaire conservative icon David Koch is stepping down from the Koch brothers' community of enterprise and political actions. According to Forbes Magaz...


ANZ To Face Criminal Proceedings For Trading Its Own Shares

Apart from Mr Moscati and Mr Roberts, those charged include Citigroup's current managing director John McLean and global head of foreign exchange trading Itay T...


Rats caught running through bag of buns at Burger King in Delaware

However, not many of those who saw the Facebook video of rats making their way into a pack of burger rolls are likely to return to the restaurant ever again. ...


Chinese firm ZTE reaches preliminary agreement with United States to restore business

The Commerce Department plans to amend the agreement to count part of ZTE's previous fine from a year ago ($360 million) as part of the total penalties. ZTE dec...


ZTE reportedly signs deal that would end export ban

Reuters says that the deal will include ZTE paying a $1 billion fine for violating U.S. sanctions, as well as putting additional funds in escrow in case of any...


Bayer to raise $30 billion in share, bond sales for Monsanto

Under U.S. antitrust regulations, the formal integration of Monsanto into the corporate structure of Bayer could only commence once the Bayer-BASF deal was comp...